Food Bank Of The Lakelands
EIN: 570775160 · Greenwood, SC · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $851K |
| Net Assets | $239K |
Is Food Bank Of The Lakelands Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Food Bank Of The Lakelands
Food Bank Of The Lakelands (EIN: 570775160) is a nonprofit organization based in Greenwood, SC, classified under NTEE code K31. The organization reported total revenue of $1.1M and total assets of $264K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank Of The Lakelands's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Bank Of The Lakelands is a mid-size nonprofit that has been operating for 14 years, with 15 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $864K |
| Total Expenses | $851K |
| Surplus / Deficit | +$13K |
| Total Assets | $239K |
| Total Liabilities | $709 |
| Net Assets | $239K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Food Bank Of The Lakelands reported a surplus of $13K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 15 years of filings (2010–2023), Food Bank Of The Lakelands's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.5% | +75.3% | +5.9% |
| 2022 | +143.6% | +289.0% | +23.4% |
| 2021 | -53.6% | -74.7% | +101.2% |
| 2021 | -0.5% | -23.1% | -34.7% |
| 2020 | -11.5% | +36.8% | -51.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Food Bank Of The Lakelands has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Food Bank Of The Lakelands with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Food Bank Of The Lakelands
Is Food Bank Of The Lakelands a legitimate charity?
Food Bank Of The Lakelands (EIN: 570775160) is a registered tax-exempt nonprofit based in South Carolina. It has 15 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Food Bank Of The Lakelands spend its money?
Food Bank Of The Lakelands reported $1.1M in total revenue in IRS 990 filings. 15 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Food Bank Of The Lakelands tax-deductible?
Food Bank Of The Lakelands is registered as a tax-exempt nonprofit (EIN: 570775160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Food Bank Of The Lakelands located?
Food Bank Of The Lakelands is headquartered in Greenwood, South Carolina and files with the IRS under EIN 570775160. It is classified under NTEE code K31.
How many years of IRS 990 filings does Food Bank Of The Lakelands have?
Food Bank Of The Lakelands has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Food Bank Of The Lakelands showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2023), Food Bank Of The Lakelands's revenue has grown by 388.2%, moving from $177K to $864K. Total assets increased by 190.9% over the same period, from $82K to $239K. Total functional expenses rose by 448.3%, from $155K to $851K. In its most recent filing year (2023), Food Bank Of The Lakelands reported a surplus of $13K, with revenue exceeding expenses. The organization holds $709 in liabilities against $239K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $239K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $864K | $851K | $239K | $709 | — | — |
| 2022 | $529K | $486K | $226K | $0 | — | View 990 |
| 2021 | $217K | $125K | $183K | $0 | — | View 990 |
| 2021 | $468K | $493K | $91K | $0 | — | View 990 |
| 2020 | $471K | $641K | $139K | $23K | — | — |
| 2019 | $532K | $469K | $287K | $0 | — | View 990 |
| 2018 | $664K | $634K | $224K | $0 | — | View 990 |
| 2017 | $883K | $872K | $145K | $0 | — | View 990 |
| 2016 | $705K | $635K | $133K | $0 | — | View 990 |
| 2015 | $462K | $436K | $65K | $2K | — | View 990 |
| 2014 | $453K | $442K | $36K | $0 | — | View 990 |
| 2013 | $443K | $436K | $28K | $3K | — | View 990 |
| 2012 | $155K | $172K | $20K | $3K | — | View 990 |
| 2011 | $151K | $187K | $49K | $4K | — | View 990 |
| 2010 | $177K | $155K | $82K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $864K, expenses of $851K, and assets of $239K (revenue +63.5% year-over-year).
- 2022: Revenue of $529K, expenses of $486K, and assets of $226K (revenue +143.6% year-over-year).
- 2021: Revenue of $217K, expenses of $125K, and assets of $183K (revenue -53.6% year-over-year).
- 2021: Revenue of $468K, expenses of $493K, and assets of $91K (revenue -0.5% year-over-year).
- 2020: Revenue of $471K, expenses of $641K, and assets of $139K (revenue -11.5% year-over-year).
- 2019: Revenue of $532K, expenses of $469K, and assets of $287K (revenue -20.0% year-over-year).
- 2018: Revenue of $664K, expenses of $634K, and assets of $224K (revenue -24.8% year-over-year).
- 2017: Revenue of $883K, expenses of $872K, and assets of $145K (revenue +25.3% year-over-year).
- 2016: Revenue of $705K, expenses of $635K, and assets of $133K (revenue +52.5% year-over-year).
- 2015: Revenue of $462K, expenses of $436K, and assets of $65K (revenue +2.0% year-over-year).
- 2014: Revenue of $453K, expenses of $442K, and assets of $36K (revenue +2.2% year-over-year).
- 2013: Revenue of $443K, expenses of $436K, and assets of $28K (revenue +186.5% year-over-year).
- 2012: Revenue of $155K, expenses of $172K, and assets of $20K (revenue +2.3% year-over-year).
- 2011: Revenue of $151K, expenses of $187K, and assets of $49K (revenue -14.5% year-over-year).
- 2010: Revenue of $177K, expenses of $155K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Bank Of The Lakelands:
Data Sources and Methodology
This transparency report for Food Bank Of The Lakelands is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.